Precipitated White Carbon Black Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.0 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The precipitated white carbon black market in South Korea is experiencing notable growth, driven by its extensive applications across various industries. This versatile material, primarily composed of fine precipitated silicon dioxide, serves as a reinforcing filler in products ranging from tires to industrial rubber goods. Manufacturers offer various grades, such as BS-50, BS-100, and BS-120, tailored to meet specific industry requirements. citeturn0search8
In the automotive sector, precipitated white carbon black plays a crucial role in enhancing tire performance. Its incorporation improves abrasion resistance, tear strength, and overall durability, contributing to longer-lasting tires. Given that approximately 70% of global carbon black production is utilized in tire manufacturing, the demand in South Korea's automotive industry significantly influences the market. citeturn0search4
Beyond automotive applications, the construction industry in South Korea also contributes to the demand for precipitated white carbon black. The material is utilized in concrete and asphalt to enhance structural strength and longevity, aligning with the country's ongoing infrastructural development. citeturn0search4
The South Korean government's commitment to carbon reduction further impacts the market dynamics. In April 2023, the Ministry of Trade, Industry, and Energy announced an investment of KRW 694.7 billion to develop carbon reduction technologies across various industrial sectors by 2030. This initiative underscores the nation's dedication to environmental sustainability and may influence the production processes within the precipitated white carbon black market. citeturn0search3
Trade statistics reveal that in 2022, South Korea exported $425 million worth of carbon blacks and other forms of carbon, positioning it as the fifth-largest exporter globally. The primary destinations included Indonesia, Thailand, Japan, Vietnam, and China. Conversely, the country imported $94.1 million of similar products, mainly from India, Japan, China, the United States, and Germany. citeturn0search5
The precipitated white carbon black market in South Korea is poised for continued growth, driven by its critical applications in key industries and supported by governmental initiatives aimed at promoting sustainable industrial practices.
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Evnoik
Solvay
PPG
OSC Group
WR Grace
Tosoh Silica
Quechen Silicon Chemical
Zhuzhou Xinglong New Material
Fujian Zhengsheng Inorganic Materials
Shandong Link Science and Technology
Fujian Sanming Zhengyuan Chemical
HengCheng Silicon Industry
Sanming Fengrun Chemical
Tonghua Shuanglong
Jiangxi Black Cat Carbon balck
Shanxi Tond Chemical
Zhejiang Xinna Material Science And Technology
Fujian Sanming Shengda Chemical
FUJIAN SANMING TONGSHENG CHEMICAL
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Precipitated White Carbon Black Market
Tire Manufacturing
Rubber Products
Plastics
Coatings and Inks
Adhesives
Powdered
Granulated
Pellets
Flakes
Automotive
Construction
Consumer Goods
Electronics
Aerospace
Wet Process
Dry Process
Direct Sales
Distributors
Online Sales
Retail Stores
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Precipitated White Carbon Black Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Precipitated White Carbon Black Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Precipitated White Carbon Black Market, By Type
6. South Korea Precipitated White Carbon Black Market, By Application
7. South Korea Precipitated White Carbon Black Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Precipitated White Carbon Black Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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